Ask The Experts: Money Matters

By Mike Miles

Multiple TSP withdrawals

Bookmark and Share

Q. Can a retiree withdraw money from the Thrift Savings Plan more than once? How many times?

A. You are allowed one partial withdrawal and one full withdrawal per lifetime. The full withdrawal can be taken as a series of monthly payments, which you can terminate with a lump sum distribution of the remainder. The withdrawal limits are clearly explained at www.tsp.gov.

Tags: , , , , ,

Leave a Reply

PLEASE NOTE! Do not submit ANY questions via the Comments form. Instead, please send your questions directly to fedexperts@federaltimes.com. Questions submitted via the Comments form will NOT be answered!